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Taxes On Consignments
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09-17-2013, 06:00 PM
honus94566
D@ve R1cks
Join Date: Apr 2011
Posts: 335
Quote:
Originally Posted by
e107collector
Correct, banks report CASH transactions over $10K.
Right, so if you get a check from an auction house that's over 10K and cash it, it gets reported to the IRS by your bank.
At least that's what I thought.
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